Velocity One Acquires Kaney Aerospace to Enhance Aerospace and Defense Portfolio
Velocity One has acquired Kaney Aerospace, strengthening its position in the aerospace and defense markets. The acquisition aims to leverage Kaney's technical expertise and customer relationships to enhance innovation and expand capabilities. Velocity One, supported by Charlesbank Capital Partners, has been building a portfolio of specialized aerospace firms since 2022.
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Velocity One has completed the acquisition of Kaney Aerospace, enhancing its aerospace and defense portfolio. This acquisition aligns with Velocity One's strategy to scale as a differentiated platform in the sector.
Kaney Aerospace brings technical expertise and established customer relationships, adding motion control and actuation capabilities to Velocity One's offerings. This acquisition follows Velocity One's strategy since 2022 to consolidate specialized aerospace companies, which includes Cartridge Actuated Devices and EMCORE Corporation. RBC Capital Markets acted as financial advisors for the transaction.
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